Tag: Australia

“anything Less Than This Will Be Rejected”: Industry Unites in Call for Streaming Standard

The Australian entertainment industry calls for the streaming service regulations to abide by the National Cultural Policy with 20% revenue investment within 3 years, transparent and incorruptible models, and investments in diverse First Nations storytellers. Minimum terms of trade should be adhered to with a three-year acquisition limit to encourage new content production.

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Netflix Spends $1 Billion on Australian-Related Programming

Netflix invests over $1 billion in Australia since 2019, sparking a battle between streaming services and free-to-air providers. Free TV demands access to free content, while ASTRA claims it will control TV choices. ACMA report shows Netflix mainly invested in kids, drama and doco genres. Free TV counters that they invest $1.5 billion into local content each year.

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Paramount Bounces Back (A Bit) with Renewed Ad Sales Growth in Q3

Paramount+ saw 61% YOY revenue rise with 2.7 million new subscribers, boosted by 46% YOY global viewing hours. ARPU rose 16% YOY. EyeQ platform drives more ad demand, while partnerships & integrations aim to boost subscribers & ad sales in 2021.Paramount+ saw 61% YOY revenue rise with 2.7 million new subscribers, boosted by 46% YOY global viewing hours. ARPU rose 16% YOY. EyeQ platform drives more ad demand, while partnerships & integrations aim to boost subscribers & ad sales in 2021.

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Drama Expenditure Tallies $2.3 Billion: Foreign and PDV Spend Hit Record Highs, Local Spend Down

In 2022/23, foreign TV and VOD spend hit a new record of $1.22 billion despite local spending decreasing due to COVID. The Producer Offset was key, with most projects costing between $1-5 million. Long-term, kids’ TV funding is up but subquotas have resulted in a 45% decline in titles.In 2022/23, foreign TV and VOD spend hit a new record of $1.22 billion despite local spending decreasing due to COVID. The Producer Offset was key, with most projects costing between $1-5 million. Long-term, kids’ TV funding is up but subquotas have resulted in a 45% decline in titles.

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